Greg Norman Collection Appoints New Green Grass VP
Greg Norman Collection, announces the hiring of Mike Elliott for the position of Vice President of Sales, Golf Division. He will join the company June 16th and report directly to president Suzy Biszantz. His primary responsibilities will be to manage the
Retail Sales Reports Show Consumers Keeping Tight Hold on Purse Strings
Lackluster sales reports from most retail major chains showed that consumers weren't quite ready to loosen their purse strings yet, analysts said Thursday. Additionally, the Labor Department reported Thursday that the number of American workers f
The Fair Labor Association Releases First Report
The Fair Labor Association made public findings from independent audits of seven major footwear and apparel companies, probing the protection of workers rights in the companies’ global operations on a factory-by-factory basis. The companies included in t
Quiksilver Fiscal Q2 Net Income Jumps 67% on 40% Sales Gain
Quiksilver, Inc. announced consolidated net sales for the second quarter of fiscal 2003 ended April 30, 2003 increased 40% to $262.2 million compared to net sales of $187.4 million in the year-ago period. Consolidated net income for Q2 was $22.6 million,
Ashworth Fiscal Q2 Profits Jump 23% on Callaway Impact
Ashworth Inc. announced that consolidated net revenue for the fiscal second quarter ended April 30th increased 20.6% to $52.6 million as compared to $43.6 million for the second quarter of 2002. Consolidated Q2 net income increased 22.9% to $4.3 million,
K2 Inc. Announces Placement of Convertible Senior Notes
K2 Inc. announced that the company has entered into an agreement, subject to customary conditions, to privately place $75 million principal amount of 5% convertible senior notes due June 2010. The senior, unsecured notes will be convertible into approxima
Kohl’s May Same-Store Sales Eke Out a 0.1% Gain
Kohl's Corporation reported that sales for the four week period ended May 31, 2003 increased 13.9% over the four week period ended June 1, 2002. On a comparable store basis, sales increased 0.1%…
May Company Reports 3.9% May Comp Sales Decline
The May Department Stores Company reported preliminary net sales of $1.01 billion for the four-week period ended May 31, 2003, a 2.0% decrease from $1.03 billion in the similar period last year. Store-for-store sales decreased 3.9%…
Saks Inc. Reports May Comp Store Sales Decline
Retailer Saks Incorporated announced that comparable store sales for the four weeks ended May 31, 2003 compared to the four weeks ended June 1, 2002 decreased 1.6% on a total company basis. By segment, comparable store sales decreased 0.2% for SDSG and de
Ross Stores Sees Flat May Comp Sales
Ross Stores, Inc. reported sales of $296 million for the four weeks ended May 31, 2003, a 10% increase above the $268 million in sales for the four weeks ended June 1, 2002. Comparable store sales for the month were flat to the prior year…
TJX Companies May Comps Increase 3.0%
The TJX Companies, Inc. reported May 2003 sales results. Sales for the four-week period ended May 31, 2003, were $975 million, up 10% over $884 million achieved during the four-week period ended June 1, 2002. Consolidated comparable store sales for the f
Nordstrom May Comps Store Sales Up 3.4%
Nordstrom, Inc. reported preliminary sales of $449.0 million for the four-week period ending May 31, 2003, an increase of 8.5% compared to sales of $414.0 million for the four-week period ending June 1, 2002. Same-store sales increased 3.4%…
Nike and Apparel Fuel Another Breakout Quarter for The Finish Line
The Finish Line, Inc. reported net sales of $207,805,000 for the thirteen weeks ended May 31, 2003, an increase of 22% over net sales of $170,576,000 for Q1 last year which ended June 1, 2002. Comparable store net sales for Q1 increased 14% on top of a 3%
Target Corp. May Comps Inch Up 0.7%
Target Corporation reported that its net retail sales for the four weeks ended May 31, 2003 increased 7.5% to $3.2 billion from $2.98 billion for the four-week period ended June 1, 2002. Comparable-store sales increased 0.7% from fiscal May 2002…
Payless May Comp Store Sales Decrease 10%
Payless ShoeSource, Inc. reported that same-store sales decreased 10.0% during the May reporting period, the four weeks ended May 31, 2003. Company sales totaled $236.5 million, a 9.2% decrease from $260.6 million during fiscal May of last year…